BTC Capital Management Inc. Invests $378,000 in Kyndryl Holdings, Inc. $KD

Key Points

• BTC Capital Management Inc. has acquired a new position in Kyndryl Holdings, purchasing 9,028 shares valued at approximately $378,000 during the second quarter.
• Other institutional investors also increased their stakes in Kyndryl, with notable increases from Farther Finance Advisors LLC and Atticus Wealth Management LLC, reflecting strong investor interest in the company.
• Kyndryl reported $0.37 earnings per share for the last quarter, surpassing analysts' expectations, while setting a FY 2026 EPS guidance and maintaining a strong consensus rating of "Buy" from equities analysts.

BTC Capital Management Inc. acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 9,028 shares of the company's stock, valued at approximately $378,000.

Several other hedge funds have also recently bought and sold shares of KD. Opal Wealth Advisors LLC bought a new stake in shares of Kyndryl in the 1st quarter valued at $27,000. Hollencrest Capital Management grew its holdings in shares of Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock worth $28,000 after purchasing an additional 778 shares during the last quarter. Quarry LP purchased a new position in Kyndryl during the 1st quarter valued at about $28,000. Compass Financial Services Inc bought a new stake in Kyndryl during the first quarter valued at approximately $30,000. Finally, Virtus Advisers LLC purchased a new position in shares of Kyndryl in the first quarter worth $31,000. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Up 0.8%

Shares of KD traded up $0.25 during trading hours on Monday, hitting $31.60. 2,512,619 shares of the company were exchanged, compared to its average volume of 2,147,912. The firm's 50 day moving average is $33.40 and its 200-day moving average is $35.28. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. Kyndryl Holdings, Inc. has a 52 week low of $22.26 and a 52 week high of $44.20. The company has a market cap of $7.30 billion, a PE ratio of 26.11, a PEG ratio of 3.45 and a beta of 1.89.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The business's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

KD has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $46.00.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.